2014
$million
2013
$million
Income
Government Subventions and Grants
2,081
2,155
Tuition, Programmes and Other Fees
948
882
Interest and Investment Income
562
318
Donations and Benefactions
84
344
Auxiliary Services and Other Income
324
299
Transfers from Capital Reserves
199
193
4,198
4,191
Expenditure
Learning and Research
Instruction and Research
2,257
2,107
Library
99
94
Central Computing Facilities
111
103
Other Academic Services
88
80
2,555
2,384
Institutional Support
Management and General
215
196
Premises and Related Expenses
567
516
Student and General Education Services
237
189
Other Activities
30
31
1,049
932
3,604
3,316
Surplus from operation for the year
594
875
Share of Result of an Associate
8
3
Surplus for the year before taxation
602
878
Taxation
0
0
Surplus for the year after taxation
602
878
Other comprehensive income / (loss) for the year
Items that may be reclassified subsequently to income and expenditure:
Unrealised gain on Available-for-Sale Financial Assets
1
1
Transfer from Capital Reserves to consolidated statement of comprehensive income
(199)
(193)
Exchange differences arising from retranslation
(1)
5
(199)
(187)
Total comprehensive income for the year
403
691
Transfers to / (from):
Capital Reserves
(201)
(188)
University Grants Committee (“UGC”) Block Grant Reserves
126
148
Donations and Matching Grants Reserves
273
594
Other Reserves
204
136
Investment Revaluation Reserve
1
1
403
691
83
HKUST 2013-2014 Annual Report
CONSOLIDATED STATEMENT
OF COMPREHENSIVE INCOME
For the year ended 30 June 2014
